Aviat Networks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 03, 2023 at 04:10 pm EDT
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Aviat Networks, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported revenue was USD 83.48 million compared to USD 74.52 million a year ago. Net income was USD 4.89 million compared to USD 6.03 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.41 compared to USD 0.51 a year ago.
For the nine months, revenue was USD 255.41 million compared to USD 225.54 million a year ago. Net income was USD 8.19 million compared to USD 16.63 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 1.49 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 1.4 a year ago.
Aviat Networks, Inc., together with its subsidiaries, is a supplier of microwave networking and wireless access networking solutions. It designs, manufactures, and sells a range of wireless networking products, solutions, and services. It also offers routers and a range of premise and hosted private cloud-based software tools and applications to enable deployment, monitoring, network management, and operational assurance of its systems as well as to automate network design and procurement. It also sources, qualifies, supplies, integrates, tests, and supports third party equipment such as antennas, optical transmission equipment and other equipment necessary to build and deploy a complete telecommunications transmission network. It provides a full suite of professional services for planning, deployment, operations, and maintenance of its customersâ networks. It offers a suite of wireless transport and access systems for microwave and millimeter wave networking applications.
AVIAT NETWORKS, INC. 
